Joseph A. Piscopo started Pansophic in Chicago, IL in 1969 with $150,000 in funding from his family and friends. The company struggled for several months before focusing on the software products business. Pansophic's major products were PANVALET, a source program and change management system, and EASYTRIEVE, a report writer and data retrieval system. Each product was installed at more than 10,000 mainframe computer sites. Pansophic was sold to Computer Associates in 1991 for $300 million.